PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), a fintech provider disrupting the automotive industry, today announced that it achieved record gross vehicle sales and leases with a value in excess of $17.7 million on its virtual transaction platform in the first 11 calendar months of 2020. According to the update, PowerBand views 2020 as a pivotal year in which its various digital transaction systems are being piloted, refined and integrated onto its proprietary DRIVRZ platform. “These results demonstrate that our virtual transaction platform, and the software upon which it is built, works. We are confident that the business being built will help transform automotive retail in a positive way for drivers and auto dealers. Our goal in carrying out the DRIVRZ mission is to make virtual transactions to buy, lease and sell a car or truck as easy as buying a product on Amazon,” said Power Band CEO Kelly Jennings. “We expect a similarly strong December, and we will be providing ongoing monthly updates on our gross sales in order to facilitate monitoring of our progress by investors.”
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About PowerBand Solutions Inc.
PowerBand Solutions, listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand’s integrated, cloud-based platform facilitates transactions amongst consumers, dealers, funders and manufacturers (“OEMs”). It enables them to buy, sell, trade, finance, and lease new and used, electric- and non-electric vehicles, on smart phones or any other online digital devices, from any location. PowerBand’s transaction platform – DRIVRZ(TM) – will be available across North American and global markets. For more information, visit www.PowerBandSolutions.com.
NOTE TO INVESTORS: The latest news and updates relating to PWWBF are available in the company’s newsroom at http://ibn.fm/PWWBF
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